Financial institution assurance services' clients of Monroe Shine are provided with value beyond the audit process. This is due to our expertise in dealing with numerous financial institution clients operating under various regulatory charters. Our auditor team is uniquely qualified to:
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Identify opportunities to improve your financial institution.
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Share insights into how other banks, thrifts and credit unions address accounting, tax and regulatory issues.
Using a risk-based approach, the majority of our audit testing is concentrated on higher risk areas. With this approach, we focus on risk factors and communication with management and staff to understand and assess controls over financial reporting. Controls in these areas are tested to provide for an efficient audit. However, the importance of substantive tests of balances and transactions, which is at the core of the audit process, is not overlooked.
Client Services
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Financial statement audits
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Attestation engagements regarding internal control
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Supervisory committee examinations
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Directors' examinations
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Agreed-upon procedures engagements
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Information technology audits
Benefits to Clients
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Specialized industry expertise
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Proactive engagement officer involvement -- Direct involvement of an officer is required on every engagement to provide the highest level of expertise to each client
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Advanced-technology usage -- Automated work paper software is used to provide efficiency and reduced costs while improving the flow of information to and from the client
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Comprehensive resources -- We utilize Web-based accounting, auditing and regultory resources to provide the latest in technical information
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Minimal client disruption -- With financial institutions having to deal with auditors and regulators on a frequent basis, Monroe Shine staff plans its work to meet client schedules and minimize disruption
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Seamless service -- Due to their qualifications and experience in this arena, the staff of Monroe Shine do not need to be trained by clients' staff members
